Las Vegas While the vacancy rate in the Las Vegas retail sector remains elevated, it posted both consecutive-quarterly and annual declines during the third quarter of 2012. The market reported a vacancy rate of 10.2 percent during the third quarter, down 0.3 percentage points when compared to the prior quarter (Q2 2012). Compared to a year ago (Q3 2011), the vacancy rate … [Read more...] about Retail Summary: Third Quarter 2012
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January 2013: Business Indicators
The U.S. economy is showing signs of moderate improvement. Revised estimates of U.S. real GDP for third quarter 2012 show an annualized growth rate of 2.7 percent, up from the previous estimate of 2.0 percent. Most of the improvement can be attributed to a higher rate of inventory accumulation than previously estimated. U.S. nonfarm employment continues to rise, gaining 146,000 … [Read more...] about January 2013: Business Indicators
What is your hope for 2013?
“My hope for 2013 is that we find a way to reduce the stigma of HIV/AIDS across the nation so that we may better combat this terrible disease.” Lea Carrasco-Zanini • Executive Director, Golden Rainbow - - “My hope is our company continues to grow and receives a television network deal to further our brand and athlete exposure. I also want to continue giving back to the … [Read more...] about What is your hope for 2013?
Opportunity At Work: Nevada’s Department of Employment Training and Rehabilitation Offers Incentives and Assistance to Employers Who Hire People with Disabilities
During these tough economic times, Nevada employers are coming up with inventive ideas to improve their business processes and bottom lines. One of those ways is by taking advantage of federal and state incentives offered when tapping into the talented pool of jobseekers who have disabilities. Nationwide, corporations are realizing the cost savings and other benefits to … [Read more...] about Opportunity At Work: Nevada’s Department of Employment Training and Rehabilitation Offers Incentives and Assistance to Employers Who Hire People with Disabilities
December 2012: Around the State
Henderson Receives Award for Energy Efficiency The City of Henderson has been awarded the Energy Project of the Year in Region V for its city-wide, multi-phase energy savings performance contract (ESPC) with Ameresco. The award was conferred from the Association of Energy Engineers (AEE). The $23 million ESPC was implemented in 2006 and is a combination of energy conservation … [Read more...] about December 2012: Around the State
Deriving Value from Patents: Strategies for Handling the Legal Challenges
While a patent holder may derive substantial revenue though licensing its patent portfolio, engaging in licensing negotiations presents a number of potential traps for the unwary. In the April issue of Nevada Business Magazine, we discussed the risk that, by entering into licensing negotiations without exercising due care, a patent holder can subject itself to being sued in an … [Read more...] about Deriving Value from Patents: Strategies for Handling the Legal Challenges
Delayed Debt Restructuring Exerts Downward Pressure on Nevada Commercial Real Estate: Tenant-in-Common Properties Generate Drag
Despite slightly improving economic conditions, Nevada’s commercial real estate market continues to face downward pressure as a result of poorly underwritten and grossly overleveraged legacy deals from 2005 to 2007, which are now coming to maturity. This same scenario is playing out in virtually every region across the country. According to data service provider Trepp LLC, U.S. … [Read more...] about Delayed Debt Restructuring Exerts Downward Pressure on Nevada Commercial Real Estate: Tenant-in-Common Properties Generate Drag
Let’s Quit Killing Jobs in the Silver State: Legislators Should Remove Obstacles to Job Creation
Nevada’s unemployment rate has lingered at unacceptably high, double-digit rates for nearly four years. That uncomfortable statistic — reflecting deep human costs inflicted on many Nevada families — has led the state’s political class to make much ado about promoting “economic development.” During the 2011 legislative session, for example, lawmakers created a new “state … [Read more...] about Let’s Quit Killing Jobs in the Silver State: Legislators Should Remove Obstacles to Job Creation
Brooke R. Thompson: Merrill Lynch Wealth Management
Nevada Boise Complex Director Summerlin Number of Employees: 100 Years in Nevada: 1 Years with Company: 12 How did you first get into your profession? I had a large network of friends who encouraged me to get into the financial services industry. I had no prior experience but my background in sales and management propelled forward my first job as a financial adviser … [Read more...] about Brooke R. Thompson: Merrill Lynch Wealth Management
Office Summary: Third Quarter 2012
Las Vegas The office sector witnessed a quarter-over-quarter decline in vacancy rates for the first time in two years. During the third quarter of 2012, the vacancy rate fell to 25.2 percent, down 0.4 percentage points compared to the prior quarter (Q2 2012). However, the rate remains 0.3-percentage points higher than a year ago (Q3 2011). The sector reported approximately … [Read more...] about Office Summary: Third Quarter 2012
December 2012: Business Indicators
The U.S. economy is showing signs of moderate improvement. Estimates of U.S. real GDP for third quarter 2012 show an annualized growth rate of 2.0 percent. Although higher than the tepid 1.3 percent growth rate for second quarter, the third quarter rate is well below the average growth rate of 3.4 percent the U.S. economy experienced from 1947 to 2007. Growth in U.S. real GDP … [Read more...] about December 2012: Business Indicators
What is your favorite holiday tradition?
“For 14 years, we’ve been providing Christmas to Las Vegas children with “Giving Day.” We provide food, clothing and toys to under-privileged children. The Giving Day tradition has contributed to lives of thousands of families who would have gone without.” Mary Musso • Corporate Broker and Vice President of Sales and Marketing, Distinctive Homes “On Thanksgiving, when … [Read more...] about What is your favorite holiday tradition?
The Trend To Greater Patent Portfolio Awareness Hits The Bottom Line
Savvy businesses today, regardless of their size, are learning they can generate significant value by selling or licensing their portfolio of intellectual property assets, most notably patents. In fact, those that recognize the potential of their patent portfolio are reaping large rewards that make an impact on their balance sheet. While in the past, valuations of patent … [Read more...] about The Trend To Greater Patent Portfolio Awareness Hits The Bottom Line
The Business and Practices of Medicine Post the Affordable Care Act: What Challenges Lie Ahead for Nevada
By: Patricia Egan Daehnke & Kristin Marker The Patient Protection and Affordable Care Act ("ACA"), enacted by Congress in 2010, has been the subject of heated political debate since it was passed. Determined to be constitutional in 2012 by the U.S. Supreme Court, states are now faced with the challenge of incorporating the federal health care mandates into existing state … [Read more...] about The Business and Practices of Medicine Post the Affordable Care Act: What Challenges Lie Ahead for Nevada
Positive Changes
Most people rarely, if ever, are forced to deal with life-altering events. As a law firm specializing in personal injury litigation, we deal with tragic life-altering events every day. Every once in a while, however, our law firm is able to not only help our clients make the best out of a life-altering situation, but we are able to effect change; the kind of change that helps … [Read more...] about Positive Changes